Atmastco IPO Date, Details, Lot Size, Allotment, Refund and Listing 

Affinity Global Capital Market Private Limited (Atmastco), a leading Engineering, Procurement, and Construction (EPC) company officially announced its IPO this month. If you are going to subscribe, then you must be wondering about the IPO details, price, and GMP of Atmastco.

Atmastco IPO Date

Atmastco is an EPC company that offers project management solutions and disciplinary services in ferrous and non-ferrous sectors. They are also involved in heavy fabrication and manufacturing of precise equipment that are applicable in many industries. Hence, their customer base is quite big. 

The company is also involved in making defense products for the military. The net revenue of the company was 241.95 crore for fiscal year 2023.

And now, Atmastco has officially announced the IPO date, the IPO starts from 15 Feb, 2024 and it will wrap up after 5 days i.e. 20 Feb, 2024. The bidding will start on the opening date at 10:00 AM and close at 5:00 PM of the closing date.

After the IPO allotment, the shares will be listed on NSE SME. The tentative schedule is given below:

IPO Events Tentative schedule
IPO Open Date Feb 15, 2024
IPO closing date Feb 20, 2024
IPO Allotment Date Feb 21, 2024
Refund initiations Feb 22, 2024
Listing Date Feb 23, 2024

Remember in ASBA (applications supported by blocked amounts), when the IPO allotment is done, the allotment amount will be debited and the rest will automatically be delivered to the bank account.

Atmatsco IPO Details

Atmastco will open its IPO on 15 February 2024 with a fixed price issue of Rs 56.25 Cr of 7,305, 600 shares. The fresh issue has more than 54 lakh shares which matches up to Rs 42.20 crores with 18.26 lakh shares offered for sale which matches up to a price of Rs 14.06 crore.

Remember the fresh issue is equity dilutive & EPS dilutive and OFS stands for transfer of ownership.

The price band of the issue is Rs 77 per equity share, with a lot size of 1600 shares. A retail investor would need a minimal amount of investment of Rs 123,200. 

Atmastco IPO Date

Company Affinity Global Capital Market Private Limited (Atmastco)
Issue Size  7,305,600 shares ( matches up to Rs 56.25 Cr)
Face value Rs 10 per share
Price per share Rs 77
Fresh issue 5, 480,000 shares (matches up to Rs 42.20 Cr)
OFS 1.26 Lakh shares (matches up to Rs 14.02 Crore)
Lot size 1600 shares
Type of Issue Fixed Price Issue IPO
Listing  NSE SME

The objective of the issue is to meet the requirements of the working capital, to repay and prepayment of secured and unsecured loans that were availed by the company, and to boost the capital.

Atmastco IPO Allotments 

The IPO issue of Atmastco has a market maker shares allocation of 3,66,400 shares. The market maker of the IPO issue is Asnani Stock Brokers Private Limited. 

For Non-Institutional and retail investors the IPO is allotted 50% % for each.

Investor Allocated Shares
Retail 50% of the net issue
QIB quota nil
NII  50 % of the net issue
Market Maker (Asnani Stock Brokers Private Limited) 5 % (366,400 shares)

 The promoters of the firm are Mrs. Jayasudha Iyer, Mr. Venkataraman Ganesan, Mr. Subramaniam Swaminathan Iyer, and Apex Steel & Technology Pvt Ltd. The promoters of Atmastco currently hold 97.39% and after the Issue, it diluted to 68.43%.

Atmastco IPO Lot Size

As mentioned earlier, the IPO lot size will be 1600 shares. Hence, the minimum amount that a retail investor can invest in 1 lot is Rs 1,23,200. The NII/ HNI investors can invest in 2 lots of total shares 32,00 at Rs 2,46,400.

Let’s break down the IPO lot size in a table:

Application Lots Shares Amount
Retail (Min) 1 16,00 ₹1,23,200
Retail (Max) 1 16,00 ₹1,23,200
NII/ HNI (Min) 2 32,00 ₹2,46,400

Atmastco’s revenue is growing well, the company is well-established and has made an effective presence in the market. And now that its initial public offering is coming soon, it’s going to be an interesting investment. The GMP will be updated when the IPO will open. 

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